China Petroleum & Chemical (SNP) Downgraded by Credit Suisse Group to Neutral

Credit Suisse Group lowered shares of China Petroleum & Chemical (NYSE:SNP) from an outperform rating to a neutral rating in a research report report published on Thursday, The Fly reports.

Several other research analysts have also commented on the stock. Zacks Investment Research raised shares of China Petroleum & Chemical from a sell rating to a hold rating in a research note on Wednesday, September 26th. ValuEngine lowered shares of China Petroleum & Chemical from a buy rating to a hold rating in a research note on Wednesday, October 3rd. Finally, Citigroup lowered shares of China Petroleum & Chemical from a neutral rating to a sell rating in a research note on Friday, January 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $94.00.

Shares of SNP stock traded up $0.09 on Thursday, reaching $77.63. The company’s stock had a trading volume of 155,500 shares, compared to its average volume of 270,850. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.64 and a current ratio of 0.99. The firm has a market cap of $93.78 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 0.97 and a beta of 1.56. China Petroleum & Chemical has a 1 year low of $69.02 and a 1 year high of $105.61.

China Petroleum & Chemical (NYSE:SNP) last posted its quarterly earnings data on Tuesday, October 30th. The oil and gas company reported $2.11 EPS for the quarter, missing the consensus estimate of $2.29 by ($0.18). The firm had revenue of $113.57 billion for the quarter. China Petroleum & Chemical had a return on equity of 8.18% and a net margin of 2.88%. On average, equities analysts predict that China Petroleum & Chemical will post 9.22 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the company. Dorsey Wright & Associates lifted its position in shares of China Petroleum & Chemical by 201.4% during the fourth quarter. Dorsey Wright & Associates now owns 47,978 shares of the oil and gas company’s stock worth $3,388,000 after purchasing an additional 32,060 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in shares of China Petroleum & Chemical during the third quarter worth $2,949,000. Great Lakes Advisors LLC bought a new stake in shares of China Petroleum & Chemical during the third quarter worth $464,000. Morgan Stanley lifted its position in shares of China Petroleum & Chemical by 28.0% during the third quarter. Morgan Stanley now owns 26,261 shares of the oil and gas company’s stock worth $2,637,000 after purchasing an additional 5,739 shares during the last quarter. Finally, Rehmann Capital Advisory Group lifted its position in shares of China Petroleum & Chemical by 9,897.3% during the third quarter. Rehmann Capital Advisory Group now owns 112,969 shares of the oil and gas company’s stock worth $1,124,000 after purchasing an additional 111,839 shares during the last quarter. Institutional investors and hedge funds own 1.01% of the company’s stock.

About China Petroleum & Chemical

China Petroleum & Chemical Corporation, an energy and chemical company, engages in the oil and gas, and chemical operations and businesses in the People's Republic of China. It operates through five segments: Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others.

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